London Inc. Weekly

London Inc. Weekly

London Inc. Weekly: A summary of regional business news from the past week

All your local business news in one quick-read package!
Weekly Regional Business Intelligence

Written by Kieran Delamont, Associate Editor, London Inc.

Business Cares Food Drive an unqualified success

The equivalent of 683,000 pounds of food (in food and cash donations) was compiled by this year’s Business Cares Food Drive, a record result for the 25th iteration of the campaign. “We can say that this year’s campaign is an unqualified success,” said campaign chair Wayne Dunn (pictured) at the Drive’s Thursday morning wrap-up event at the Western Fair District Agriplex. “We know Londoners are struggling with the ongoing ramifications of employment challenges, issues caused by food inflation and higher costs of living. But despite all that, Londoners showed the depth of their resolve to support those who need it most. I say it every year, because it’s always proven true ― London businesses, employees and citizens always answer the call when people are in need.” Business Cares did not set a target goal at the outset of the drive, however the results were up by nine per cent over 2023’s total of 627,000 pounds collected. The proceeds of the drive will go to the London Food Bank, which in turn supports 40 social agencies operating 70 food programs in the London area.

 

The upshot: Given difficult economic conditions and surging demand (over the past five years demand has doubled at the London Food Bank and has risen another six per cent in 2024), the collection efforts of the Business Cares program can’t be understated. Jane Roy, co-director of the London Food Bank, echoed Dunn’s sentiment and said that this year’s drive is going to make a difference for so many in our community. “Each and every year, I talk to the campaign team and say that we’re thrilled with anything that we receive,” said Roy. “The agencies with whom we work are seeing increased need from the community and results today show how supportive our community is.”

Read more: London Free Press

Hard Rock Hotel London set to open doors early in 2025

The Hard Rock Hotel London at 100 Kellogg Lane will open the doors to its first 164-room phase early next year, the hotel owners have announced. “The iconic Hard Rock brand is coming to Canada for the very first time, right here in London, Ontario in Q1 of 2025,” the hotel said in a post on LinkedIn. “While some may have expected larger cities like Toronto, Vancouver or Montreal to host the first Hard Rock Hotel in Canada, the decision to choose London reflects a purposeful and exciting choice rooted in the city’s unique culture and status.” It’s been a bit of a long road to opening ― the project has been beset by construction delays, owing to supply chain issues, labour shortages and general construction challenges that arise when gutting an old factory building. “It’s been a long time coming,” said general manager Brendon Ainscow. “It’s very exciting. We’re a few short months away.” Expect it to open its doors by March or April, Ainscow said.

 

The upshot: According to The London Free Press, this is also a big milestone for the 100 Kellogg Lane complex ― the hotel pushes it over the $100 million mark in terms of capital invested and the addition of the marquee hospitality brand will pretty much complete it as a true entertainment district. It’s also big for the east end in general ― with the Gateway Casino project still underway at the Western Fair District, the centre of gravity for London’s entertainment tourism industry is definitely shifting further east than it ever has. The two projects sound like they are planning on collaborating, making the Hard Rock the choice hotel for casino goers, and the casino the choice gambling venue for Hard Rock goers. “They’ve been such good neighbours,” Martha Leach, a business partner at 100 Kellogg Lane, said of Gateway. “They’re not building a hotel there so we’re in talks with them about honouring their loyalty program. It’s a nice synergy.”

Read more: LinkedIn | London Free Press

Colleges warn of potential strike in new year

Faculty at Ontario’s colleges will be in a legal strike position as of January 4, after OPSEU requested and received a no-board report this week, signalling a breakdown in talks. The two sides said they plan to return to the bargaining table on January 6 and 7, but thus far talks do not sound like they have been particularly fruitful. The union says the College Employer Council has made “no real progress towards a contract which improves the working lives of college faculty,” while the employer says that the union’s demands “ignore the stark reality faced by Ontario colleges, who are projected to lose hundreds of millions of dollars in the coming years due to a combination of declining enrolment and higher cost.” So, it sounds like the two are at an impasse for the time being. In October, faculty members voted 79 per cent in favour of a strike mandate.

 

The upshot: Labour issues among college faculty are nothing new ― there are always fights to be had over things like workload, contract status, benefits and job security when it comes to academic jobs ― but the financial impact from the international student cap is really the root cause of the current conflict, with some colleges already starting to cut positions and programs and others threatening that they will need to in the near future. OPSEU has complained about a lack of transparency here, too ― according to the union, the colleges are making noise about the financial difficulties without being very forthcoming about the details. “Despite repeated, unmet requests for appropriate disclosure in response to federal and provincial decisions,” colleges are “implementing imposed terms and conditions that will negatively impact students’ education,” OPSEU said in a statement. So, by the sounds of it, it looks like a faculty strike could well be starting before the winter term begins. 

Read more: CTV News London | Hamilton Spectator

Council endorses expansion to urban growth boundary

In a 10 to five vote, city council has approved a plan to study adding nearly 1,500 hectares to the urban growth boundary, adding land that it says will help the city keep up with the population growth expected over the next 30 years. The amount of land being studied for addition (1,476 hectares, to be exact ― an amount approved earlier this month by the planning committee) is a bit more than the 1,100 hectare recommendation that city staff originally brought forward, a bit less than the 2,000 hectares recommended by a Colliers report, and much less than the roughly 3,000 hectares that the London Development Institute said in the past that it felt was necessary.

 

The upshot: Council also voted to approve a proposal to ask the province to look at the 2,000 hectare recommendation brought forth by Colliers ― though that was a much tighter margin, only passing by eight votes to seven, suggesting that councillors are not necessarily completely at ease with the speed at which land would be added to the urban growth boundaries. One of the main proponents of moderation is Ward 6 Councillor Sam Trosow, who has argued that the city should be more cautious when it comes to adding land like this. “We can always add to it, but we can’t subtract from it,” he said at a committee meeting earlier this month. At this week’s council meeting he repeated his concerns, warning that “if we overshoot, we can push it forward, but we can’t take it back.” Developers and housing advocates say the new land will help build housing faster; critics say the move reflects too much developer power at city hall, and is unlikely to impact housing affordability all that much. 

Read more: London Free Press

TechAlliance launches Polaris Pitch Competition and Showcase

TechAlliance of Southwestern Ontario has announced a new pitch competition for startups debuting next year. The Polaris Pitch Competition and Showcase will be held on March 19, 2025 at the London Music Hall, and TechAlliance said it is hoping to attract entrants from “across tech sectors including agri-tech, medtech or digital health, AI or cybersecurity, fintech, gaming, clean growth or zero emission vehicles.” The competition will have two winners, each of which will take home $15,000 in cash, plus $5,000 in advisory services from TechAlliance. “At TechAlliance, we are committed to empowering the dreamers and disruptors shaping the future of technology and innovation in Southwestern Ontario,” said CEO Christina Fox. “The Polaris Pitch Competition and Showcase provides a transformative platform for trailblazing ventures to gain the recognition, connections and resources they need to scale their impact across Southwestern Ontario region and beyond.” According to TechAlliance, the Showcase aspect of the program “will help companies highlight their moonshot technologies among a crowd of innovators and founders.” Applicants have until January 27, 2025 to enter.  

 

The upshot: New prizes and competitions are generally a welcome addition to the calendar for any startup ― who doesn’t want a shot at some cash and mentorship services, after all ― and TechAlliance is certainly experienced in the practice, with its annual London Innovation Challenge, Limitless Awards and i.d.e.a. Fund also providing local innovators with funding and guidance opportunities. The event has a long list of local sponsors worth a shout-out out as well ― its title sponsors are Lerners and Libro Credit Union, and its list of presenting sponsors includes Intellectual Property Ontario, the Southern Ontario Network for Advanced Manufacturing Innovation, Lenovo Canada, M&T Printing Group, the Business Development Bank of Canada and MNP.

Read more: TechAlliance

Dispatch: December 20, 2024

A summary of recent business appointments and announcements, plus event listings for the upcoming week.

View listings here

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